United Breweries Ltd appoints Mr. Anand Kripalu as Independent Director

United Breweries Limited (UBL) has announced that Mr. Anand Kripalu has been appointed with effect from February 22, 2023, as an Independent Board Member of the Company.

Mr. Kripalu has over 30 years of experience in the fast-moving consumer goods (FMCG) industry. Prior to joining Essel Propack Limited (EPL), he spent seven years as the MD and CEO of Diageo India, India's leading beverage alcohol company with $6.4 billion market cap, where he led the transformation of the company. He was also a member of Diageo's Global Executive Committee.

Before joining Diageo, Mr. Kripalu spent almost eight years with Mondelez International (earlier, Cadbury) as the president of the India and Southeast Asia business. He was responsible for accelerating Cadbury India's performance to deliver 25 percent y-o-y growth in revenue and profit over eight years. Before that, he spent 22 years at Unilever in various general management and sales and marketing roles.

Mr. Kripalu has a Bachelor of Technology in Electronics from IIT, Madras. He also holds an MBA from IIM, Calcutta. He has received the distinguished alumnus award from both IIT Madras and IIM Calcutta. He has also completed the Advanced Management Program from Wharton Business School.

We are delighted that Mr. Kripalu is joining UBL as Independent Director. Mr. Kripalu brings with him an outstanding track record of over 30 years in building, leading, and transforming businesses in the FMCG sector. His extensive leadership experience and expertise in emerging markets make him a strong asset to the future growth of the business.

Shares of United Breweries Limited was last trading in BSE at Rs. 1464.85 as compared to the previous close of Rs. 1458.60. The total number of shares traded during the day was 2638 in over 888 trades.

The stock hit an intraday high of Rs. 1472.85 and intraday low of 1453.35. The net turnover during the day was Rs. 3860937.00.

Source : Equity Bulls

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UnitedBreweries INE686F01025 Appointment IndependentBoardMember AdditionalDirector